Treasury Traders Slash Fed-Hike Expectations as Economy Shrinks


(Bloomberg) — Treasuries rallied, dragging yields down sharply, as traders pared expectations for how much policy tightening the Federal Reserve will do based on a weak initial estimate of the US economy’s performance in the second quarter. Most Read from Bloomberg Shorter-tenor securities led the way, with yields on three-year and five-year notes at one…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Products You May Like

Articles You May Like

Barclays says the US equity rally is going to take a ‘breather’
The Impacts And Benefits Of A New Build In The UK: Residential Perspectives | Talk Business
Construction in the EU increased by 1.3% m/m in December — News
Lumber Futures – February 23, 2024
Allegheny Wood Products suddenly closes, more than 500 out of work